The price comparison website for medical devices for dental and veterinary clinics has received €6m to enable it to grow abroad and digitise processes.
About Salupro
Salupro optimises the purchases of thousands of dental clinics (there are some 30,000 in Spain) and veterinary clinics by means of a complex algorithm that compares prices among hundreds of suppliers and improves their logistics. It currently has more than 7,000 customers and 300 suppliers. It closed 2015 with a turnover of €5M.
Private equity buys Telefonica Salupro
Salupro was born in 2013, a year after its founders launched Saluspot, a medical community that allows interaction between the user and the doctor. Its customers had a new need and Saluspot decided to satisfy it by creating Salupro.
In 2014 Telefónica bought 49% from both companies and now Telefónica has decided to divest Saluspro and sell its stakes to the Q-Growth, Bonsai and K Fund.
Leading investors have invested in the round
Investors Q-Growth, Bonsai and K Fund have participated in the €6M round. Renowned investors in Spain who, in addition to providing capital to Salupro, bring extensive strategic experience in the market.
Bonsai and KFund have extensive experience in tech startups and have previously invested in the healthcare sector, so they know the market. Vitamin K, for example, led a €3M round in 2014, in Promofarmathe Amazon of the parapharmacy.
Q-Growthhas extensive business experience in helping companies grow in the international market. A clear example is Fotowatio, a global operator specialising in solar power generation, which has recently been bought by an Arab group.
The aim of the round: to grow in the international market.
The 95% of the Salupro, according to Márquez, co-founder of Saluspro, comes from Spain. The rest is concentrated in Portugal. But they hope to complete tests in other European markets such as Italy and France. "The goal is to make it scalable and the European market is very interesting," says the CEO.
The aim is that in 2017 the international expansion of a company that today has a team of around 35 employees can get underway. "We want to be able to set up a project with a turnover of 30 to 40 M in the next four years," he says.
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